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Spain's Repsol has received a license from the U.S. Treasury Department authorizing the energy company to continue and expand its oil and gas business in Venezuela, sources close to the decision said on Thursday.
Repsol obtained a license from the US to keep operating in Venezuela after May 31.
OIL major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a US licence
Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday.
Venezuela's opposition is weighing a move that would slow the sale of oil assets under its control by having Citgo Petroleum Corp.'s holding company file f...